Lai Mohammed, the Minister of Information and Culture has told Nigerians to expect 11,000 megawatts of electricity by 2023 following the agreement the Nigerian government reached with German firm Siemens.
He said the German firm will be growing the present 3,400 megawatts to 7,000MW by the end of next year. Lai Mohammed added that they will then grow the megawatts to 1,000 megawatts by the end of 2023 (phase 2) and 25,000 megawatts in the third phase.
The minister said;
“Following an agreement with German company Siemens in July 2019 to boost power supply in Nigeria, the stage is set for the perennial power problem to become a thing of the past.
“Under the three-phase agreement, Nigerians will enjoy 7,000 megawatts of reliable power supply by the end of 2021 (phase 1), 11,000 megawatts by the end of 2023 (phase 2) and 25,000 megawatts in the third phase.
“To put things in perspective, Nigeria’s current power generation capacity is more than 13,000 megawatts, but only an average of 3,400 megawatts reliably reach consumers. In essence, the current amount of power that reaches consumers will more than double by the end of next year.
“In addition, this will create thousands of jobs and will leapfrog the country into the next level of industrial and social development.”